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Is Bud Light a drag on Anheuser-Busch InBev's bottom line?

CNN’s Danielle Wiener-Bronner contributed to this report. Bud Light continues to be a drag on Anheuser-Busch InBev’s bottom line in the United States, but the world’s biggest brewer saw its global revenue rise and beating expectations.

What happened to Bud Light's market capitalization?

Since Mulvaney posted an ad on Instagram for Bud Light on April 1, 2023, the company's market capitalization has fallen by somewhere around the amount quoted by Walsh.

Does constellation still sell Bud Light?

The Constellation-owned brand has been making inroads in the US market for several years as customers switch their tastes to Mexican lagers. Sales of Bud Light are still sinking, with volumes down 30% year-over-year for the four weeks ending on October 7, according to NIQ data given to Beer Business Daily newsletter.

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